Mergers & Acquisitions
Jollibee Foods Corp., the Philippines' leading fast food operator, announced on April 20 it has acquired a 100% stake in All Day Fresh, operator of South Korea's Shabu All Day hot pot chain, for 130 billion won ($88.6 million). All Day Fresh has separated from its former parent Myungryundang and fully joined the Philippine conglomerate. The company runs 172 Shabu All Day stores in South Korea, generating annual sales of around 480 billion won.
Iniulat ng AI
Chinese LED chipmaker Sanan Optoelectronics’ bid to buy Dutch firm Lumileds has collapsed due to opposition from the US Committee on Foreign Investment in the United States (CFIUS). On April 17, 2026, the parties submitted a letter withdrawing the filing and voluntarily abandoned the transaction. Sanan said the failed deal will not materially affect its finances or day-to-day operations.